Section 294.366
[1963 c.576 §12; 2005 c.22 §224; renumbered 294.373 in 2011]
Section 294.368 – Determination of estimated tax revenues.
(1) Each municipal corporation that has the power to levy an ad valorem property tax shall estimate, in the manner provided in this section, the amount of revenues that will be received in the ensuing year or ensuing budget period through the imposition of taxes upon the taxable property within the municipal corporation. (2) Subject […]
Section 294.371
[1963 c.576 §13; 1965 c.451 §4; 1997 c.308 §9; 2001 c.135 §8; 2011 c.473 §4; renumbered 294.398 in 2011]
Section 294.373 – Reserving receipts from revenue-producing property or facility; deposit in special fund.
(1) Any port or dock commission may reserve any portion of the receipts from any revenue-producing property or facility. Any city may reserve any portion of the receipts from any public utility operation of such city. Any such port, dock commission or city may reserve any proceeds from the sale of any such property for […]
Section 294.376
[1963 c.576 §14; 2001 c.135 §9; renumbered 294.358 in 2011]
Section 294.378 – Certain interest to be included in budget; method.
In the exercise of the authority granted by ORS 287A.180, 328.565 and 341.715, specific provision for interest must be contained in duly adopted budgets. However, reporting of anticipated loan proceeds and related principal repayments within a particular fiscal year or budget period may be accomplished in narrative form or by footnoted schedules to the duly […]
Section 294.381
[1963 c.576 §15: 1979 c.762 §1; 1991 c.459 §5; 1997 c.308 §10; 1997 c.541 §328; 1999 c.186 §7; 1999 c.632 §5; 2001 c.135 §10; 2001 c.138 §1; 2003 c.46 §1; 2005 c.443 §31; 2007 c.894 §1; 2009 c.538 §16; renumbered 294.368 in 2011]
Section 294.383 – Inclusions in accrued revenues of school, education service, community college and community college service districts using accrual basis of accounting; State School Fund grant calculations.
(1) As used in this section, “extended ADMw” means: (a) For a school district, the district extended ADMw as calculated under ORS 327.013. (b) For an education service district, the sum of the extended ADMw of the school districts located within the territory of the education service district. (2) Notwithstanding ORS 294.333, a school district […]
Section 294.388 – Estimates and reconciliation of expenditures and other requirements; form and contents.
(1) Each municipal corporation shall prepare estimates of expenditures and other requirements for the ensuing year or budget period. The estimates must be reconciled so that the total amount of expenditures and other requirements in each fund equals the total amount of resources in the fund for the same period. (2) Estimates required under subsection […]
Section 294.391
[1963 c.576 §17; 1997 c.308 §12; 2001 c.135 §11; 2011 c.473 §5; renumbered 294.403 in 2011]
Section 294.393 – Preparation of estimates by school, education service and community college districts and by municipal corporations operating public utility or hospital.
(1) Each school district and each education service district shall prepare the estimates of expenditures required under ORS 294.388 in accordance with the classification of revenue and expenditure accounts prescribed by the Department of Education in consultation with the Department of Revenue. The Department of Revenue is responsible for determining the district’s compliance with this […]
Section 294.396
[1963 c.576 §18; 2001 c.135 §12; renumbered 294.408 in 2011]
Section 294.398 – Estimate of unappropriated ending fund balance for each fund.
A municipal corporation may include in its budget an estimate of unappropriated ending fund balance for each fund, for use in the fiscal period following that for which the budget is being prepared. The estimate authorized by this section represents cash or net working capital which will be carried over into the year following the […]
Section 294.401
[1963 c.576 §19; 1965 c.451 §5; 1971 c.516 §2; 1989 c.504 §1; 1997 c.308 §13; 1999 c.632 §6; 2011 c.473 §6; renumbered 294.426 in 2011]
Section 294.403 – Budget message.
A budget message shall be prepared by or under the direction of the executive officer of the municipal corporation or, where no executive officer exists, by or under the direction of the presiding officer of the governing body. The budget message shall be delivered at a meeting of the budget committee as provided in ORS […]
Section 294.406
[1963 c.576 §20; 1965 c.451 §6; 1997 c.308 §14; 1997 c.541 §336a; 1999 c.632 §7; 2001 c.104 §103; 2001 c.135 §13; 2009 c.477 §6; renumbered 294.428 in 2011]
Section 294.408 – Time of making budget message and document.
The budget message and budget document shall be prepared a sufficient length of time in advance to allow the adoption of the budget by the close of the current fiscal year or current budget period. [Formerly 294.396]
Section 294.411
[1963 c.576 §21; 1969 c.155 §1; 1991 c.459 §6; 1997 c.308 §15; 1999 c.632 §8; 2009 c.596 §3; 2011 c.473 §7; renumbered 294.431 in 2011]
Section 294.413
[1971 c.516 §9; 1983 c.549 §1; 1993 c.742 §46; 1997 c.308 §16; renumbered 294.433 in 2011]
Section 294.414 – Budget committee.
(1) Except as provided in ORS 294.423, the governing body of each municipal corporation shall establish a budget committee in accordance with the provisions of this section. (2) The budget committee shall consist of the members of the governing body and a number, equal to the number of members of the governing body, of electors […]